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Reforms May Pull China Growth Down To 7%

China will cut its growth target to 7 percent next year in a sign of the government’s determination to push through structural reforms and steer the economy on to a more sustainable path, one of the country’s top investment banks has predicted.

With Communist party leaders gathered in Beijing now for a meeting that will set China’s policy direction for the coming decade, investors and companies have been looking for clues about their strategic thinking.

A lowering of the country’s growth target – although unlikely to be announced until the annual Chinese parliament in March – would be an important distillation of the government’s plans.China has consistently exceeded its annual growth targets in practice, but a cut would still be an indication of Beijing’s willingness to tolerate slower growth in the interest of addressing risks from rising debt levels to soaring property prices.

CNBC [1]

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Mingze Wu

Mingze Wu [6]

Currency Analyst at Market Pulse [7]
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu
Mingze Wu

+Mingze Wu [10]